Alligator Bioscience AB: Year-end Report January-December 2020

On February 26, 2021 Alligator Bioscience reported Safety data has been presented from the ongoing Phase I study with ATOR-1017 in patients with metastatic cancer (Press release, Alligator Bioscience, FEB 26, 2021, View Source [SID1234575783]). The results show a promising safety profile with only minor drug-related side effects."
– Per Norlén, CEO Alligator Bioscience

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SIGNIFICANT EVENTS OCTOBER-DECEMBER

Mitazalimab:

New preclinical comparative data showed that mitazalimab has highly competitive immunostimulatory characteristics.
IND approved for forthcoming clinical studies in the US.
CTA submitted for launch of the forthcoming Phase II study in pancreatic cancer.
ATOR-1017:

Predicted therapeutic range dose levels reached in ongoing Phase I study.
Data Review Committee approved start of dosing at 200 mg, corresponding to approximately 3 mg/kg.
ALG.APV-527:

Alligator Bioscience and Aptevo Therapeutics commenced preparations for start of Phase I.
Other:

ALLIGATOR-FAB antibody library launched.
SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

Oversubscribed rights issue generated proceeds of SEK 86 million before transaction costs.
FINANCIAL SUMMARY

October-December 2020

Net sales, SEK 0.0 million (0.0).
Operating result, SEK -34.1 million (-59.3).
Result for the period, SEK -34.5 million (-59.8).
Earnings per share before and after dilution, SEK -0.48 (-0.84).
Cash flow for the period, SEK -33.2 million (8.6).
Cash and cash equivalents, incl. interest-bearing securities, SEK 103.3 million (249.9).
January-December 2020

Net sales, SEK 4.4 million (4.4).
Operating result, SEK -144.3 million (-214.5).
Result for the period, SEK -143.3 million (-210.1).
Earnings per share before and after dilution, SEK -2.01 (-2.94).
Cash flow for the period, SEK 9.4 million (-19.6).
During the first quarter, the holdings in corporate bonds and interest funds were divested, which had a positive effect on cash flow.

The full report is attached as PDF available on the company’s website: View Source

Conference call/webcast
Alligator will host a conference call today, February 26, 2021, at 2:00 p.m. CEST for investors, analysts and media, where CEO Per Norlén and CFO Marie Svensson will present and comment on the Year-end Report. The conference will be held in English.

Sirtex Medical receives positive recommendation from National Institute for Health and Care Excellence (NICE) for selective internal radiation therapy (SIRT) using SIR-Spheres®

On February 26, 2021 Sirtex Medical US Holdings, Inc. ("Sirtex"), a leading manufacturer of targeted cancer therapies, reported that received positive guidance from the National Institute for Health and Care Excellence (NICE) regarding the use of selective internal radiation therapy (SIRT) with SIR-Spheres Y-90 microspheres for the treatment of adults with unresectable advanced hepatocellular carcinoma (HCC) (Press release, Sirtex Medical, FEB 26, 2021, View Source [SID1234575781]).

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NICE recommends the use of SIRT using SIR-Spheres in England and Wales as a fully funded and reimbursed option for adult patients with HCC, on the conditions that it is used for people with Child-Pugh grade A liver impairment when conventional transarterial therapies are inappropriate, and that the company provides SIR-Spheres according to the commercial arrangement.

"HCC is the most common form of liver cancer in England, with more than 6,000 new liver cancer cases in the United Kingdom each year," said Kevin R. Smith, Chief Executive Officer of Sirtex. "We celebrate the availability of SIR-Spheres in England and Wales as a significant step forward in care for patients with HCC."

"It is excellent news that NICE has recommended SIRT for the treatment of HCC," commented Dr. Paul Ross, Consultant Medical Oncologist at Guy’s & St. Thomas’ NHS Foundation Trust and Clinical Lead for HCC at King’s College Hospital. "The expanded options will advance the quality of life for patients and provide meaningful alternatives to existing treatments."

As part of National Health Service (NHS) for England and Wales, NICE produces evidence-based guidance and advice for health, public health and social care practitioners. NICE recommended SIR-Spheres as an option for treating HCC based on the clinical and health economic evidence submitted by Sirtex throughout the multiple technology appraisal process.

"The decision by NICE to approve SIRT is an enormous relief for patients with HCC, who often have limited options and now have a guarantee of access to treatment when needed," said Dr. Damian Mullan, Consultant Interventional Radiologist at The Christie Hospital Manchester. "SIRT has been shown to be a cost-effective use of resources for the NHS, which is especially important during the ongoing COVID-19 pandemic."

"The British Liver Trust is delighted that NICE has now approved the use of SIRT as an option for treating unresectable advanced HCC in adults," said Pamela Healy OBE, Chief Executive of the British Liver Trust. "HCC is the most common form of liver cancer. It is particularly aggressive and a diagnosis is devastating for patients, carers and their families. Treatment options for patients with advanced liver cancer have been very limited and this decision will make this innovative treatment more easily available and improve options for patients. Evidence shows that outcomes for people with advanced liver cancer are particularly poor so this is a very important step."

FDA approves Oncopeptides’ PEPAXTO® ( melphalan flufenamide) for patients with relapsed or refractory multiple myeloma

On February 26, 2021 Oncopeptides AB (publ) (Nasdaq Stockholm: ONCO), a global biotech company focused on the development of therapies for difficult-to-treat hematological diseases, reported that the U.S. Food and Drug Administration, FDA, has approved PEPAXTO (melphalan flufenamide, also known as melflufen), in combination with dexamethasone, for the treatment of adult patients with relapsed or refractory multiple myeloma, who have received at least four prior lines of therapy and whose disease is refractory to at least one proteasome inhibitor, one immunomodulatory agent, and one CD38-directed monoclonal antibody (Press release, Oncopeptides, FEB 26, 2021, View Source;melphalan-flufenamide-for-patients-with-relapsed-or-refractory-multiple-myeloma-301236751.html [SID1234575780]).

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Oncopeptides will begin promoting PEPAXTO to healthcare professionals across the U.S. immediately and expects a labeled product in distribution centers and specialty pharmacies within approximately two weeks. PEPAXTO is the first anticancer peptide-drug conjugate approved by the FDA. The product has been granted accelerated approval based on the phase 2 HORIZON study in relapsed or refractory multiple myeloma.

"The accelerated approval of PEPAXTO in the US is an important milestone for Oncopeptides, and a major step ahead in fulfilling our mission, to bring hope to patients with difficult-to-treat hematological diseases, through innovative science", says Marty J Duvall, Chief Executive Officer at Oncopeptides AB. "Moving ahead, our focus is to further advance PEPAXTO. We look forward to receiving top line data from the phase 3 OCEAN-study in relapsed refractory multiple myeloma, in the second quarter. The comparative study with pomalidomide, is designed to support a future supplementary New Drug Application to expand the label".

"When we listed Oncopeptides on Nasdaq Stockholm, we promised to establish melflufen as an attractive treatment option for patients with multi-resistant disease. With the approval of PEPAXTO, that has finally become reality", said Jakob Lindberg, Chief Scientific Officer and former CEO at Oncopeptides. "I am immensely proud of the relentless dedication of our organization and development partners around the world who have made this journey possible".

"Melphalan flufenamide is a novel and innovative therapeutic option which is active in patients with multiple myeloma who have a refractory disease, and the product has a manageable toxicity", says Professor Ola Landgren, Chief of Myeloma Program and Leader of Experimental Therapeutics Program, Division of Hematology, Sylvester Comprehensive Cancer Center, University of Miami Health System in Miami, Florida. "Melphalan flufenamide will complement existing treatment regimens and contribute to address the growing unmet medical need among patients with relapsed or refractory multiple myeloma".

The HORIZON study evaluating intravenous melflufen in combination with dexamethasone, included heavily pre-treated patients with a poor prognosis. This multi-center single arm study evaluated 157 patients with relapsed or refractory multiple myeloma, of whom 97 were triple-class refractory and had received at least four prior lines of treatment. The Overall Response Rate for the patients within this group of patients with refractory multiple myeloma was 23.7% and the Median Duration of Response was 4.2 months. Furthermore, melflufen in combination with dexamethasone demonstrated activity in a subset of patients with Extra Medullary Disease (41%), an aggressive and resistant disease associated with a poor prognosis.

About Multiple Myeloma

Multiple myeloma is a cancer that impacts plasma cells, a type of white blood cell which produces antibodies to help fight infection. Multiple myeloma causes cancer cells to accumulate in the bone marrow. Approximately 7 per 100,000 Americans are each year diagnosed with multiple myeloma, making it a rare disease. A growing subset of this population is becoming triple-class refractory. This means that their disease is refractory to at least one proteasome inhibitor, one immunomodulatory agent, and one CD38-directed monoclonal antibody. The number of patients diagnosed with multiple myeloma is growing and the number of cases diagnosed annually is expected to almost double in 20 years. The average age for diagnosis is 70 years, and there is currently no cure.

About the HORIZON Study

In total, 157 multiple myeloma patients have been enrolled in the pivotal phase 2 HORIZON study, evaluating intravenous melflufen in combination with dexamethasone. The approval of PEPAXTO was based on a subgroup of HORIZON patients (n=97) that were refractory to at least one treatment in each of the three standard-of-care classes: proteasome inhibitor, immunomodulatory agent, and CD38-directed monoclonal antibody and had received at least four prior lines of treatment. In this subset of patients, the Overall Response Rate (ORR) was 23.7% and Median Duration of Response (DOR) was 4.2 months. The most frequent adverse reactions (≥10%; Grade 1-4) were fatigue (55%), nausea (32%), diarrhea (27%), pyrexia (24%), and respiratory tract infection (24%). The most common laboratory abnormalities (Grade 1-4) were leukocytes decrease (99%), platelets decrease (99%), lymphocytes decrease (97%), neutrophils decrease (95%), hemoglobin decrease (84%), and creatinine increase (68%).

About PEPAXTO

PEPAXTO (melphalan flufenamide, also known as melflufen) is the first anticancer peptide-drug conjugate for patients with relapsed or refractory multiple myeloma. PEPAXTO uses innovative technology that links a peptide carrier to a cytotoxic agent, resulting in a lipophilic compound. Due to its lipophilicity, PEPAXTO is distributed into cells. PEPAXTO is designed to leverage aminopeptidases, which are overexpressed in multiple myeloma cells and cause the release of cytotoxic agents. PEPAXTO is administered as a once monthly thirty-minute infusion. In the US PEPAXTO is indicated in combination with dexamethasone for the treatment of adult patients with triple class refractory multiple myeloma, who have received at least four prior lines of therapy and whose disease is refractory to at least one proteasome inhibitor, one immunomodulatory agent, and one CD38-monoclonal directed antibody. PEPAXTO is a registered trademark in the U.S.

Celsion Corporation to Participate in the Virtual 33ʳᵈ Annual Roth Conference

On February 26, 2021 Celsion Corporation (NASDAQ: CLSN), a clinical-stage development company focused on DNA-based immunotherapy and next-generation vaccines, reported that management will be holding one-on-one meetings with investors during the Virtual 33rd Annual Roth Conference, being held March 15 – 17, 2021 (Press release, Celsion, FEB 26, 2021, View Source [SID1234575779]). A webcast of Celsion’s presentation will be pre-recorded and will be available on the Company’s website during the week before the conference.

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Institutional and other investors interested in meeting with Celsion during the conference should contact their Roth Capital Partners sales representative or LHA Investor Relations. Conference information is available at www.roth.com/oc2021virtual.

Molecular Partners Publishes Audited Financial Results for 2020 and Annual Report 2020

On February 26, 2021 Molecular Partners AG (SIX: MOLN), a clinical-stage biotech company developing a new class of custom-built protein drugs known as DARPin therapeutics, reported its audited Financial Results for 2020 and the company’s 2020 Annual Report (Press release, Molecular Partners, FEB 26, 2021, View Source [SID1234575778]).

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